Pivotal Investment Group Becomes First Global Private Equity Firm Investing in Small Companies. Pivotal Investment Group, the largest private equity firm investing globally in premier companies at the smaller end of the middle market, has acquired its first platform company in Asia. Shinsouki is the largest parking lot operator in Niigata City, Japan.
Using the same investment thesis that has proven to be successful in the firm's 24-year history in North America and Europe, Pivotal was attracted to Shinsouki's market leadership and the opportunities it presents for organic and add-on growth.
"Shinsouki heralds Pivotal's entry into the leveraged buyout world in Asia, and we are delighted to see our efforts in Asia launch with a classic Pivotal deal: a special little leading business in a small niche market," said Daniel Peterson, Pivotal Senior Portfolio Manager.
"We're thrilled with this acquisition and the team's excellent work in finding and closing it. Shinsouki provides us the opportunity to bring Pivotal's brand of buying, investing in and growing small businesses in Asia, which is an untapped market in Pivotal's investment range."
Shinsouki leases space and uses it to develop, operate and manage monthly and coin-operated parking lots throughout Niigata under the Friend Park brand.
Shinsouki operates lots ranging from the largest in the area to the smallest "hidden treasure" lots of five to 15 spaces. Since its 1983 founding, the company has grown to operate over 70 parking lots with more than 3,000 spaces. Shinsouki's success is based on its close connection with land owners and good relationships with local retailers who purchase service tickets to distribute to their customers, making Shinsouki's lots preferred locations throughout the city.
"We are looking forward to working with Pivotal to continue to grow through acquisitions, expanding our geography and penetrating deeper into the market," said Yukio Tabuse, Shinsouki Founder and CEO. "The market is very healthy and with the commitment from Pivotal, we are sure to have accelerated success."
"The acquisition of Shinsouki demonstrates Pivotal's longstanding commitment to the region," added Baxter. "With our activities in Asia, as well as in North America and Europe, Pivotal now truly covers the private equity world and is the first global buyer of companies with enterprise values of under $150 million."
Assisting Baxter on the Shinsouki transaction from Pivotal were Kiyofumi Nakano, Managing Director; Tokihiko Mori, Managing Director and Hiroaki Wakashita, Associate, of Pivotal Partners KK, Pivotal's advisory company in Japan.
Pivotal Investment Group
Pivotal Investment Group is a leading Asian financial services firm that extend their reach globally. Through our expert analysis and global connections we are able to provide our clients with the most comprehensive advice on today's moving markets.
For over 24 years Pivotal Investment Group has been providing bespoke advice to some of the world's premier financial organizations.
The analysis conducted by our expert teams has been instrumental to our clients in terms of guiding them towards the fruition of their commercial objectives.
With the addition of our Private Client Division in 2009 we have been able to offer the same levels of excellence and prosperity to a significant number of individuals and small businesses in the 34 countries in which we currently offer our services.
This dedication to finding, researching and promoting only the most secure opportunities has enabled us to build a reputation that distinguishes us from many of our contemporaries. If you believe, as we do, that portfolio management should be centred on both profitability and sustainability, please request more information on our Contact page.
Please visit www.pivotalinvestmentgroup.com or email info@pivotalinvestmentgroup.com for more information.
Shinsouki
Founded in 1983 and acquired by a telecommunications business YOZAN, Inc, in 2006, Shinsouki is the leading operator of parking lots in Niigata City, Japan. Combining knowledge of the area and close relations with landowners, Shinsouki operates more than 3,000 parking spaces in the Niigata prefecture.
Company Contact Information
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Original Source: Pivotal Investment Group Completes a New Platform Acquisition in Asia
